D-Day for SA

It is D-Day for South Africa, or should that be M-Day (M for Moody's) ? Moody's has been kind to us over the years, keeping us at investment grade even though other ratings agencies like Fitch and Standard and poor's have junked our economy. Has the time come for the big drop? How many times … Continue reading D-Day for SA

Rand buckling under pressure

The Rand is under enormous pressure, mainly due to international factors such as tensions between China and the US, as well the chaotic Brexit situation. (Currently R15.27/USD) Locally, time is running out for the government to avoid a Moody's downgrade in November (Review is scheduled for November 1.). Recent bail-outs of Denel, SAA and SABC … Continue reading Rand buckling under pressure

December!

The final month of the year has rolled around and so has load shedding. Our economy is already in recession and junk status to boot, and the latest round of load shedding certainly won't make the ratings agencies jump for joy. Industries, such as manufacturing, really suffer during power outages. Keep a close eye on … Continue reading December!